A life insurance policyholder dies by suicide 14 months after the policy was issued. Under the standard suicide clause, the insurer will most likely:

Question

Accepted Answer

Pay only the premiums that were paid, because suicide during the contestable period limits the benefit

Answer

Pay the full death benefit, because suicide is always covered

Answer

Pay the full cash value but deny the death benefit permanently

Answer

Deny payment entirely with no refund

Related Practice Questions